A controversial figure, Harry Sargeant III has seen his share of media headlines in recent years. The overarching question being: Who is Harry Sargeant?
According to his Wikipedia page (yes, he has his own wiki page), the 62-year-old oil magnate has a current net worth of over $3 billion. He’s also a former marine and he achieved the rank of Major during his 11 years of service.
Following his service in the Marine Corps, the former fighter pilot worked briefly for Delta Airlines before taking the small shipping company his father had founded in the early 80s. With Sargeant at the helm, Sargeant Marine, Inc, transformed into a global operation.
Building his legacy
In 2005 Sargeant founded the Boca Raton-based company IOTC (International Oil Trading Company). IOTC has been awarded several government contracts and supplies aviation fuel to the U.S. military in Iraq through Jordan.
In 2008, Sargeant was accused of “war profiteering” and overcharging for fuel by 36 cents per gallon by then U.S. Representative Henry Waxman (D-CA). Sargeant felt these accusations were politically motivated, citing “numerous accolades from [the Defense Logistics Agency (DLA)] for its exemplary performance during the war.”
